Information Package / Course Catalogue
Sustainable Environment and Fiscal Instruments
Course Code: MLY423
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The objective of the course "Sustainable Environment and Fiscal Instruments" is to teach students the fundamental concepts and principles related to sustainability and environmental management. The course aims to provide knowledge about fiscal instruments used to manage environmental issues. It seeks to give students a comprehensive understanding of environmental problems, the processes of modeling these issues, the selection of instrument choices, and cost-benefit analysis. Additionally, the discussion of current environmental issues and policies is among the course objectives.

Course Content

Modeling environmental problems and selecting appropriate fiscal instruments for these problems constitute the core topics of the course. Students will also learn the principles of cost-benefit analysis in environmental projects and engage in case studies to apply these analyses.

Name of Lecturer(s)
Res. Assist. Erkam SARI
Learning Outcomes
1.Students will understand the fundamental theories and concepts related to environmental economics, learning about the economic analysis of natural resources and the economic dimensions of environmental issues. This includes concepts such as market failures, externalities, and public goods.
2.Students will be able to analyze the economic impacts of environmental policies. This involves evaluating the economic and environmental outcomes of policies such as environmental regulations, incentives, taxes, and trading systems.
3.Students will learn to use economic strategies and tools for the sustainable management and conservation of natural resources. This covers topics such as the management of renewable and non-renewable resources, cost-benefit analysis, and resource allocation.
4.Students will learn the principles of environmental taxation and how they are applied. This includes tax policies that increase the cost of environmentally harmful activities to encourage their reduction.
5.Students will understand how environmental taxation can contribute to sustainable development goals. This involves the ability to develop integrated policies to achieve long-term economic, social, and environmental sustainability objectives.
Recommended or Required Reading
1.Callan, S., and Thomas, J. M. (2013). Environmental economics and management: Theory, policy, and applications. Cengage
2.Tietenberg, T., and Lewis, L. (2018). Environmental and natural resource economics. Routledge.
Weekly Detailed Course Contents
Week 1 - Theoretical
An introduction to environment and sustainability
Week 2 - Theoretical
Modelling market failures
Week 3 - Theoretical
An economic evaluation of pollution control
Week 4 - Theoretical
Environmental problems, property rights and the Coase theorem
Week 5 - Theoretical
The command and control approach and environmental standards
Week 6 - Theoretical
Pollution taxes and subsidy policies
Week 7 - Theoretical
The deposit system and permit trading
Week 8 - Theoretical
Introduction to environmental risk analysis
Week 9 - Theoretical
Assessing benefits and costs for environmental decision making
Week 10 - Theoretical
Benefit-cost analysis in environmental decision making
Week 11 - Theoretical
Selected topic: Water quality and protecting clean water resources
Week 12 - Theoretical
Selected topic: Air quality and climate change
Week 13 - Theoretical
Selected topic: Controlling solid wastes and toxic chemicals
Week 14 - Theoretical
Selected topic: Renewable resources and energy
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory145298
Assignment110111
Midterm Examination110111
Final Examination110111
TOTAL WORKLOAD (hours)131
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
OÇ-1
4
5
3
2
2
2
3
4
4
2
OÇ-2
5
5
4
2
3
3
3
4
3
3
OÇ-3
4
4
2
2
2
3
3
4
3
3
OÇ-4
5
5
4
2
3
3
3
4
3
3
OÇ-5
3
3
3
4
2
2
2
3
3
2
Adnan Menderes University - Information Package / Course Catalogue
2026